This Tech Stock Is a Screaming Buy After Earnings
Share prices of Broadcom (NASDAQ: AVGO) have tumbled 14.4% so far in 2022 as broader stock market volatility continues to high growth stocks, but the company's fiscal 2022 first-quarter earnings report, released on March 3, could trigger a turnaround and send the stock higher.
Broadcom's revenue and earnings crushed expectations. Its guidance turned out to be solid as well thanks to the robust demand for its connectivity chips, which are used in multiple fast-growing applications such as data centers, smartphones, server storage, among others.
Let's take a closer look at Broadcom's numbers and see why it is a stock worth buying right now.
Source Fool.com
